Peyto Exploration & Development Corp. Plans Monthly Dividend of $0.11 (TSE:PEY)

Peyto Exploration & Development Corp. (TSE:PEY - Get Free Report) announced a monthly dividend on Friday, September 13th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.11 per share on Tuesday, October 15th. This represents a $1.32 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend is Friday, September 27th.

Peyto Exploration & Development Price Performance

TSE PEY traded down C$0.19 during midday trading on Thursday, hitting C$14.65. The company had a trading volume of 1,153,862 shares, compared to its average volume of 875,563. The company has a market capitalization of C$2.86 billion, a PE ratio of 9.55, a P/E/G ratio of -0.46 and a beta of 1.76. Peyto Exploration & Development has a twelve month low of C$11.09 and a twelve month high of C$15.99. The company has a current ratio of 1.15, a quick ratio of 0.32 and a debt-to-equity ratio of 50.02. The firm has a 50-day moving average price of C$14.45 and a 200-day moving average price of C$14.82.

Peyto Exploration & Development (TSE:PEY - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.01). Peyto Exploration & Development had a return on equity of 11.86% and a net margin of 32.88%. The business had revenue of C$256.55 million for the quarter, compared to the consensus estimate of C$257.10 million. As a group, analysts anticipate that Peyto Exploration & Development will post 2.5599315 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Todd Burdick sold 57,810 shares of Peyto Exploration & Development stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total value of C$832,845.55. In other news, Senior Officer Todd Burdick sold 57,810 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$14.41, for a total value of C$832,845.55. Also, Director Jean-Paul Henri Lachance sold 16,600 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of C$15.10, for a total transaction of C$250,660.00. Over the last 90 days, insiders purchased 41,775 shares of company stock worth $608,667 and sold 267,641 shares worth $3,893,311. 2.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Scotiabank raised shares of Peyto Exploration & Development to a "strong-buy" rating in a research note on Friday, June 14th. CIBC decreased their target price on Peyto Exploration & Development from C$17.50 to C$17.00 in a research note on Monday, July 15th. Finally, TD Securities raised Peyto Exploration & Development to a "strong-buy" rating in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$16.55.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.